North Point Portfolio Managers Corp OH Sells 7,942 Shares of RPM International Inc. (NYSE:RPM)

North Point Portfolio Managers Corp OH cut its stake in RPM International Inc. (NYSE:RPM) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,362 shares of the specialty chemicals company’s stock after selling 7,942 shares during the period. RPM International makes up approximately 2.2% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 23rd biggest position. North Point Portfolio Managers Corp OH owned 0.08% of RPM International worth $12,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RPM. Creative Financial Designs Inc. ADV grew its position in RPM International by 61.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 215 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 82 shares in the last quarter. Christopher J. Hasenberg Inc bought a new position in RPM International in the third quarter worth $35,000. Eastern Bank acquired a new stake in RPM International during the third quarter worth $41,000. UMB Bank n.a. increased its holdings in RPM International by 369.7% in the 3rd quarter. UMB Bank n.a. now owns 357 shares of the specialty chemicals company’s stock valued at $43,000 after buying an additional 281 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of RPM International in the 2nd quarter valued at $71,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Frederick R. Nance sold 594 shares of RPM International stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $135.47, for a total value of $80,469.18. Following the sale, the director now owns 8,526 shares of the company’s stock, valued at approximately $1,155,017.22. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael J. Laroche sold 3,615 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $127.14, for a total value of $459,611.10. Following the completion of the sale, the chief accounting officer now owns 11,596 shares in the company, valued at $1,474,315.44. The trade was a 23.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RPM. UBS Group lifted their target price on shares of RPM International from $123.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Wells Fargo & Company upgraded RPM International from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $134.00 to $140.00 in a research report on Wednesday, January 8th. Mizuho dropped their price objective on RPM International from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of RPM International from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of RPM International from $126.00 to $124.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.00.

RPM International Stock Performance

RPM stock opened at $126.38 on Monday. RPM International Inc. has a twelve month low of $103.63 and a twelve month high of $141.79. The business’s fifty day moving average is $129.63 and its 200-day moving average is $124.79. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 0.74. The company has a market cap of $16.25 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02.

RPM International (NYSE:RPM) last issued its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. RPM International had a net margin of 8.89% and a return on equity of 26.76%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.22 earnings per share. Equities research analysts forecast that RPM International Inc. will post 5.51 EPS for the current year.

RPM International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, January 17th. RPM International’s dividend payout ratio (DPR) is presently 40.32%.

RPM International Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.